MIRA INFORM REPORT

 

 

Report Date :

14.08.2013

 

IDENTIFICATION DETAILS

 

Name :

NIMAX B.V.

 

 

Registered Office :

4   Industrieweg Oost,   ELST   6662NE

 

 

Country :

Netherlands

 

 

Date of Incorporation :

01.10.1971

 

 

Com. Reg. No.:

09036418

 

 

Legal Form :

Private limited liability company (BV) with ordinary structure

 

 

Line of Business :

Manufacture of other articles of paper and paperboard

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

Limited with full security

 

Status :

Moderate

Payment Behaviour :

Unknown

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Netherlands

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

NETHERLANDS - ECONOMIC OVERVIEW

 

The Dutch economy is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade surplus, and an important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit in 2011. In 2012 tax revenues dropped nearly 9%, GDP contracted, and the budget deficit deteriorated. Although jobless claims continued to grow, the unemployment rate remained relatively low at 6.8 percent.

Source : CIA

Company name and address

 

Company Name                Nimax B.V.                       

Company Registration

Number    Country           NL                                    

Number

 

Activity Code                    1729                                 

Activity Description         

Company Status              Other                                

 

 

Company Identification

 

Activities

Activity Code                1729

Activity Description      Vervaardiging van overige papier- en kartonwaren

 

Basic Information

Company Name                                    Nimax B.V.      

Registered Company Name                            Nimax B.V.

Company Registration Number           09036418         

Country                                                NL

Date of Company Registration             Legal Form                                          

Type of Ownership      

Company Status                                  Other

E
 
Principal Activity Code                        1729     

Principal Activity Description              Manufacture of other articles of paper and paperboard

Contact Address                                  4   Industrieweg Oost,   ELST   6662N   

Contact Telephone Number                 0481373314

 

Main Address

Address                                  4   Industrieweg Oost,   ELST   6662NE

 

Country                                    NL

 

Other Addresses

Address                                  4   Industrieweg Oost,   ELST   6662NE

Telephone                                0481373314

 

 

Web Addresses

www.nimax.nl

 

Current Directors Managers

Name                            Carolina   Antonia   Blom

Gender                         Female

Position                       Director

 

Share Capital Structure

Issued Share capital    184,324.00 (EUR)

Name                            Clondalkin Group Investments B.V.

Address                      68   Gustav Mahlerplein,   AMSTERDAM   1082MA

Share Percent 100.00 %

 

Extended Group Structure

 

Company Name                                    Registration Number                 Status               Last Financials

1  Clondalkin Group Holdings B.V.         342008480000                           Active               31/12/2012

2  Clondalkin Industries B.V.                   342008450000                           Active               31/12/2012

3  Clondalkin Acquisition B.V.                342008460000                           Other                 31/12/2008

4  Clondalkin Group Investments B.V.     342039010000                           Other                 31/12/2008

5  CNED II B.V.                                     080703070000                           Other

6  Vaassen Flexible Packaging B.V.       080367420000                           Other

5  Boxes LPF B.V.                                 010701740000                           Other

5  Cats Flexible Packaging B.V.             240269560000                           Other

5  LPF Flexible Packaging B.V.              020316450000                           Other

5  Nimax B.V.                                        090364180000                           Other

6  Nimax Onroerend Goed en Beheer B.V. 090476330000                        Other

5  Linde Vouwkartonnage  B.V.               060176280000                           Other

5  Leeuwhoek Holding B.V.                    370773120000                          Other

6  Verpakkingsindustrie Velsen B.V.        370433540000                           Other

6  Flexoplast B.V.                                 370703680001                           Other

4  CGone B.V.                                       572191090000                           Active

5  CGthree B.V.                                     572289570000                           Active

 

 

Affiliated Companies

 

Affiliate Name   Clondalkin Industries B.V.

Affiliate ID        NL007/X/342008450000

Country            NL

 

 

Affiliate Name   Clondalkin Acquisition B.V.

Affiliate ID        NL007/X/342008460000

Country            NL

 

 

Affiliate Name   CNED II B.V.

Affiliate ID        NL007/X/080703070000

Country            NL

 

 

Affiliate Name   Vaassen Flexible Packaging B.V.

Affiliate ID        NL007/X/080367420000

Country            NL

 

 

Affiliate Name   Boxes LPF B.V.

Affiliate ID        NL007/X/010701740000

Country            NL

 

 

Affiliate Name   Cats Flexible Packaging B.V.

Affiliate ID        NL007/X/240269560000

Country            NL

 

 

Affiliate Name   LPF Flexible Packaging B.V.

Affiliate ID        NL007/X/020316450000

Country            NL

 

 

Affiliate Name   Linde Vouwkartonnage  B.V.

Affiliate ID        NL007/X/060176280000

Country            NL

 

 

Affiliate Name   Leeuwhoek Holding B.V.

Affiliate ID        NL007/X/370773120000

Country            NL

 

 

Affiliate Name   Verpakkingsindustrie Velsen B.V.

Affiliate ID        NL007/X/370433540000

Country            NL

 

 

Affiliate Name   Flexoplast B.V.

Affiliate ID        NL007/X/370703680001

Country            NL

 

 

Affiliate Name   CGone B.V.

Affiliate ID        NL007/X/572191090000

Country            NL

 

Affiliate Name   CGthree B.V.

 

Affiliate ID        NL007/X/572289570000

Country            NL

 

 

Additional Information

 

Miscellaneous

Ceased Trading Date

Exporter           Yes

Importer           Yes

 

Industry Comparison

Industry Avg Credit Limit         44,040.00 (EUR)

Industry Avg Credit Rating      57.11

 

Payment Expectations Summary

Payment Expectation Days      Industry Avg Payment 31.93

                                                Expectation Days

DaySalesOutstanding   Industry Avg Day Sales           46.68

Outstanding

 

Suspension Of Payments Mora           No

 

Financial Year              2012

Company Name            Clondalkin Industries B.V.

Company Number        34200845

Date Submited             05/07/2013

 

LetterOfLiabilityStartDate                      17/11/2004        LetterOfLiabilitySubmittedDate             17/11/2004

LetterOfLiabilityRemovalSubmitted                              LetterOfLiabilityRemovalDate

 

 

LetterOfLiabilityStartDate                                              LetterOfLiabilitySubmittedDate

LetterOfLiabilityRemovalSubmitted                              LetterOfLiabilityRemovalDate

 

 

LetterOfLiabilityStartDate_Parent2                                LetterOfLiabilitySubmittedDate_Parent2

LetterOfLiabilityRemovalSubmitted_Parent2     LetterOfLiabilityRemovalDate_Parent2

 

 

LetterOfLiabilityStartDate_Parent2                                LetterOfLiabilitySubmittedDate_Parent2

LetterOfLiabilityRemovalSubmitted_Parent2     LetterOfLiabilityRemovalDate_Parent2

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.43

UK Pound

1

Rs.95.07

Euro

1

Rs.81.77

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.